$374,523*
●
Condo -
Off Market
605 Port #1
Horseshoe Bay, TX 78657
2 Beds
2 Baths
1,349 Ft²
$239,000 - $291,000
Reference Base Price*
41.33%
Since Jun 1, 2020
National-US
Primary Model
About This Property
Beautifully renovated condo in the heart of Horseshoe Bay offers
owner the option for personal use or rental income opportunity.
This condo was taken down to the studs with too many
renovations and upgrades to list. The complex consists of 6
units giving you the feel of privacy while offering the
low-maintenance perks of a condo-regime. The location offers
easy access to Lake LBJ, The Yacht Club, Marina, Spa, and many
other amenities the Horseshoe Bay Resort has to offer.
Generate income by putting it in a vacation rental pool as
short-term rentals are allowed. Horseshoe Bay on Lake LBJ is
in the heart of the Texas Hill Country! Only 90 miles from
San Antonio, 45 minutes to Austin and easily accessible worldwide
from Horseshoe Bay's Jet Center. (Membership is required to enjoy
the Resort amenities)
The manager has listed the unit size as 1349 square feet.
The manager has listed the unit size as 1349 square feet.
Unit Size
1,349 Ft²
Days on Market
-
Land Size
-
Price per sqft
$196
Property Type
Condo
Property Taxes
-
HOA Dues
-
Year Built
-
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Cap Rate Calculator
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Operating Profit Per Year
Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 9, 2024 | In contract | - | |
| In contract | |||
| Jun 27, 2024 | Price Decreased |
$435,000
↓ $14K
(3.1%) | |
| Price Decreased | |||
| May 28, 2024 | Price Decreased |
$449,000
↓ $20K
(4.3%) | |
| Price Decreased | |||
| Apr 10, 2024 | Listed | $469,000 | |
| Listed | |||
| | |||
|
Central to all the action in Horseshoe Bay and Income Producing! First floor, single story 2 bedroom 2 bath renovated condo located directly across from the Horseshoe Bay Resort Hotel, walking distance to the Waterfront Grill, Horseshoe Bay Marina, and more. This striking unit features an open floorplan, spacious primary suite, and inviting back patio. Exceptionally low maintenance and private, this 6 unit condo community offers swimming pool, expansive fenced in yard - great for dogs, and dedicated parking. Currently an operating short-term rental and offered partially furnished. Just 45 minutes to Austin and 10 minutes to Marble Falls.
| |||
| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
Show More
Property Highlights
Air Conditioning
With View
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
04/14/2025
|
2 Bed
|
2 Bath
|
1349 ft²
|
$429,000
2 Bed
2 Bath
1349 ft²
|
$399,000
-6.99%
04/14/2025
|
Jarrett Bates
Keller Williams - Lake Travis
| |
|
04/10/2024
|
2 Bed
|
2 Bath
|
1344 ft²
|
$469,000
2 Bed
2 Bath
1344 ft²
|
$435,000
-7.25%
04/10/2024
|
Brady Anders
Anders Realty
| |
|
10/12/2023
|
2 Bed
|
2 Bath
|
1344 ft²
|
$429,000
2 Bed
2 Bath
1344 ft²
|
-
-
|
Stacy Thrash
JBGoodwin REALTORS NW
| |
|
07/19/2021
|
2 Bed
|
2 Bath
|
1349 ft²
|
$375,000
2 Bed
2 Bath
1349 ft²
|
-
-
|
Kathleen Kokernot
Kuper Sotheby's Int'l Realty
| |
|
05/17/2020
|
2 Bed
|
2 Bath
|
1349 ft²
|
$265,000
2 Bed
2 Bath
1349 ft²
|
-
-
|
-
| |
|
05/14/2020
|
2 Bed
|
3 Bath
|
1384 ft²
|
$240,000
2 Bed
3 Bath
1384 ft²
|
-
-
|
-
| |
|
03/22/2020
|
2 Bed
|
2 Bath
|
1349 ft²
|
$225,000
2 Bed
2 Bath
1349 ft²
|
-
-
|
-
|
Building Info
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